Skip navigation
Skip navigation
You are using an outdated browser. Please upgrade your browser.

LONDON (Sept. 10, 2012) - RavenPack, the leading provider of real-time financial news analysis services, has launched a new version of its News Analytics product which, in addition to nearly doubling the number of corporate events tracked, now detects and analyzes news on global macroeconomic entities and events as they happen.

RavenPack News Analytics version 3.0 will now automatically detect news events and sentiment on every major geographical location, government organization, company, currency, and traded commodity. RavenPack computers sift through thousands of unstructured news stories in milliseconds searching for information likely to impact financial markets. Over 1,200 macroeconomic, geopolitical, and corporate events are systematically detected and the analysis delivered as a real-time data feed. Sources include reputable publishers such as Dow Jones Newswires, all editions of the Wall Street Journal and Barron’s.

“For the first time, financial firms can automatically react to unexpected events such as terrorist attacks, natural disasters or industrial accidents within milliseconds of them being reported”, said Armando Gonzalez, President and CEO of RavenPack. “Historically, such event detection relied on manual tagging which risked inconsistency and delays, but we have now developed a leading solution that delivers value, regardless of asset classes or how short the investment horizon is.

“This product serves quantitative trading firms engaged in anything from low latency news arbitrage to monthly portfolio rebalancing and from automated market-making to counterparty risk management. The only limitation is the number of scenarios and models clients can imagine”, concluded Armando Gonzalez.

About RavenPack

RavenPack is a leading provider of real-time news analysis services. Professionals rely on RavenPack for its speed and accuracy in analyzing large amounts unstructured news and transforming it into real-time actionable data to support trading, investment and risk management models and decisions. Financial institutions use RavenPack's services to generate better returns by systematically incorporating the effects of news in their trading, investment or risk management processes. The company's clients include some of the best performing quantitative firms in the world.

To learn more about RavenPack, visit www.ravenpack.com or e-mail info@ravenpack.com.

# # #

Contacts:

Tania Calvo
Tel: +34-952907390
e-mail: tcalvo@ravenpack.com

Tony Cross
Tel: +44-7973284749
e-mail: tony@monkcommunications.com

This press release was distributed by ResponseSource Press Release Wire on behalf of Monk Communications in the following categories: Business & Finance, Computing & Telecoms, for more information visit https://pressreleasewire.responsesource.com/about.